Top 5 Best Budget Management Apps to Use for Easy Budget Management

Everybody knows what budget management is but fail to put the knowledge into practice. While keeping a track of all the expenses manually is neither easy nor interesting, this is where the budget management apps play a salient role. Here are some reasons in case you wonder why do you need the budget management apps in the first place:

  • They help in avoiding unnecessary expenditure.
  • They aid in saving for specific goals like property, car or a vacation.
  • They allow keeping records of past years’ expenses.
  • They ensure to make fraud or misuse noticeable.
  • They prevent overspending and rule out the chance of being debt-ridden.

Here in this article, we have curated a list of the top 5 best apps for easy budget management:-

1. Expensify

Downloads (Android): 1 million+

Rating: Android- 3.2, iOS- 4.7

Pricing: Free; paid plans ranging from $4.99/ month to $9/ month

Pros:

  • Automatic currency converter
  • 25 smart scans per month in the free version
  • Tracking mileage expenses

Cons:

  • Difficulty in linking with credit cards of a few banks
  • Glitch of a duplicate receipt being uploaded
  • Poor customer service response
  • Some desktop features absent in the mobile app

Click the icon below to download now:

2. Goodbudget

Downloads (Android): 1 million+

Rating: Android- 4.5, iOS- 4.7

Pricing: Free; paid plan for $7/ month or $ 70/ year

Pros:

  • One year of history with the free plan & 7 years of history with the paid plan
  • Tracking debt payoff status
  • Syncing the budget on different devices

Cons:

  • No option of syncing with the banks
  • No option of linking the account with an investment or retirement plan

Click the icon below to download now:

3. Money Manager

Downloads (Android): 10 million+

Rating: Android- 4.7, iOS- 4.7

 Pricing: Free, paid version for ₹ 390 per month

 Pros:

  • Numerous filter options to view transactions
  • Linkable to up to ten accounts in the free version
  • Mentioned in editors’ choice list

Cons:

  • No daily reminders to remind you to track your expenses

Click the icon below to download now:

4. Wallet

Downloads (Android): 1 million+

Rating: Android- 4.6, iOS- 4.4

Pricing: Free; paid plan for $ 21.99 per year

Pros:

  • Weekly spending reports
  • Benefit of sharing your stats with a spouse, friend or family
  • Easy and user friendly interface

Cons:

  • No option of syncing with bank in the free version
  • Web version lacks a few features available in the app

Know more about the Top 5 Habit Tracking Apps for a successful and happy life!!

Click the icon below to download now:

5. Monefy

Downloads (Android): 5 million+

Rating: Android- 4.5, iOS- 4.6

Pricing: Free; paid version for $3 per month

Pros:

  • Daily, weekly and monthly spending charts
  • Super easy to access
  • Accessible on multiple devices
  • Built in calculator

Cons:

  • No option for setting goals
  • iOS version lacks a few features present in the android app
  • Password protection through numeric passcode only

Click the icon below to download now:

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